Business

Alternative Route Approved for Keystone XL Pipeline, Some Landowners Still Upset

Alternative Route Approved for Keystone XL Pipeline, Some Landowners Still Upset

The Public Service Commission voted 3-2 Monday, removing one of the last hurdles to the Calgary-based company's construction of the $8 billion, 1,179-mile conduit, which has been on its drawing boards since 2008. The company wants commitments for 90 percent of the pipeline's' 830,000 bpd of capacity, but as of mid-year that was proving hard. The commission's approval of TransCanada's "alternative" route surprised some Nebraskans.


Tencent becomes first Chinese tech company to surpass $500 billion valuation

Tencent becomes first Chinese tech company to surpass $500 billion valuation

The Shenzhen-based conglomerate's single share price reached HK$420 (around US$54) on Monday, an increase of more than 121 percent compared to the beginning of the year, yicai.com reports . Tencent's online games division, which boasts popular titles like " Honor of Kings ", saw its sales soar by 50% compared to previous year. Online and mobile games are a key part of the business - the division brought in over $4 billion in revenue last quarter.


Amazon Web Services Launches a New Cloud Storage Service for the Central Intelligence Agency

Amazon Web Services Launches a New Cloud Storage Service for the Central Intelligence Agency

John Edwards, CIO at the CIA , said of the new cloud region for Secret-classified data: "The AWS Secret Region is a key component of the intelligence community multi-fabric cloud strategy". This agreement expands the collaboration between private enterprise and United States government intelligence agencies. The data included billions of social media posts from Facebook, Twitter and news sites.


FCC chief said to reveal net neutrality repeal plan Tuesday

FCC chief said to reveal net neutrality repeal plan Tuesday

But the FCC is likely to change all that, analysts say, relaxing the Obama-era rules that required providers to behave like legacy telecom companies who must carry all phone calls on a nondiscriminatory basis. His argument is that this has prevented the industry from investing in broadband networks. It will leave it up to the FTC to police if ISPs are engaging in anti-competitive behavior.


Winter session in December, dates to be announced soon: Ananth Kumar

Winter session in December, dates to be announced soon: Ananth Kumar

Addressing a meeting of the Congress Working Committee, she also hit out at the government over its handling of the economy. "The sufferings of the people, the rising unemployment, agrarian distress, pain of the farmers, corruption and particularly, the irregularities in the Rafale deal - these are the actualities".


Tether Claims a Hacker Stole $30 million worth of its tokens

Tether Claims a Hacker Stole $30 million worth of its tokens

Tether reportedly claimed US$30.95 million worth of its tokens had been stolen. According to Tether's operator, $30,950,010 worth of tokens were removed from one of the company's core "treasury wallets" and sent to an unauthorised Bitcoin address on 19 November.